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I have a supplier payment that was returned by the bank. The payment was made to supplier for $57,960 USD. The returned funds were for $57,926.06 and so I have a difference of $33.94 that I need to reflect in QBO. I think the easiest thing to do is to write off to Bad Debt.
Please help me with specific step by step instructions. I know about supplier credits and how to create. I know about Bad Debt and have already set up account and Non-inventory Item.
That difference is not bad debt, it is a bank fee for the returned payment. And it is not a supplier credit.
Make a deposit for the full amount, 57,960, then on the next line select the bank fee expense account and enter a negative 33.94 (-33.94) save the deposit
That difference is not bad debt, it is a bank fee for the returned payment. And it is not a supplier credit.
Make a deposit for the full amount, 57,960, then on the next line select the bank fee expense account and enter a negative 33.94 (-33.94) save the deposit
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